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profitability. In doing so, I incorporate the main drivers of earnings quality (i.e. fundamental performance and the accounting …Prior literature documents the usefulness of the DuPont disaggregation for predicting firms future profitability …. However, there is a lack of research examining how earnings quality affects forecasts of profitability. This paper explores …
Persistent link: https://www.econbiz.de/10010520353
The German economy is an important economic driver in the Euro-area in terms of gross domestic product, labour force and international integration. We provide a state of the art estimate of the German output gap between 1995 and 2022 and present a nowcasting scheme that accurately predicts the...
Persistent link: https://www.econbiz.de/10013370512
German banks can apply a special feature of German accounting standards by using hidden and open reserves. …
Persistent link: https://www.econbiz.de/10011589380
profitability of German banks and their capacity to lend. With a NSFR-model that is partially calibrated against reported NSFRs, we … minimum standard is unlikely to exhibit adverse consequences for credit supply and bank profitability. …
Persistent link: https://www.econbiz.de/10011541056
We discuss political economy mechanisms which can explain the resource curse, in which an increase in the size of resource rents causes a decrease in the economy's total value added. We identify a number of channels through which resource rents will alter the incentives of a political leader....
Persistent link: https://www.econbiz.de/10003867963
Persistent link: https://www.econbiz.de/10000910564
We demonstrate how the incentives of firms that partially own their suppliers or customers to foreclose rivals depend on how the partial owner can extract profits from the target. Compared to a fully vertically integrated firm, a partial owner may obtain only a share of the target's profit but...
Persistent link: https://www.econbiz.de/10014541862
effectiveness of a theory-based decision-making tool, the VRIO-Framework, in predicting the stock-market performance of different … practical usefulness of resource-based theory. …
Persistent link: https://www.econbiz.de/10008665447
Persistent link: https://www.econbiz.de/10013206941
There has been increased interest in the use of "big data" when it comes to forecasting macroeconomic time series such as private consumption or unemployment. However, applications on forecasting GDP are rather rare. In this paper we incorporate Google search data into a Bridge Equation Model, a...
Persistent link: https://www.econbiz.de/10011667109